Chance for Sale in Bethesda MD Real Estate 20816 - June ‘08

The amount of inventory is up 11.6% from last June and the sales are down 7.7%.  The opportunity for sale dropped from last June to this June from 37.7% to 31.2%.  It’s also gone down from last month when it was 37%.   This figure is a nice way to guage how much is selling each month vs the absorption rates.  I find that eyes glaze over whenever I use that stat, but this very real "you only have a one in three chance of selling your house this month" is a better way to understand your competition for sale.

As always this is a broad look at a zip code and not indicative of every neighborhood.  But collectively it’s a great tool to see the relative health of the area.  The county only had a 13.6% chance for sale last month!